Vietnam Used Car Market, By Type of Vehicle ; By Vehicle Age ; By Mode of Sales ; By Channel Purchase ; By Mileage ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Vietnam used car market is rapidly growing due to increasing disposable income, growing middleclass population, rapid urbanization, growing demand for affordable transportation, improved financing options, and a shift toward owning private vehicles for convenience and mobility.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam used car market size at USD 7.87 billion in 2022. During the forecast period between 2023 and 2029, Vietnam used car market size is to grow at a robust CAGR of 16.77% reaching a value of USD 23.12 billion by 2029. As cost and accessibility have improved, there has been a considerable rise in demand for used cars, which is the main reason fueling the expansion of the Vietnam used car industry. A growing middle class and more disposable incomes are responsible for this expansion. Also, there has been a shift towards using internet markets and classified websites as a means of purchasing and selling old cars. Due to their dependability and affordable prices, secondhand car imports, mainly from Japan and South Korea, have increased significantly. As the nation's environmental consciousness grows, there is an increasing preference for secondhand cars that are environmentally friendly and fuel-efficient. The used car industry in Vietnam is generally undergoing dynamic changes due to shifting consumer preferences.

Vietnam Used Car Market - Overview:

Used cars refer to vehicles that have been previously owned by one or more individuals before being offered for resale. They are an alternative to purchasing new cars and are popular due to their lower price points and potential for cost savings. Used car markets are diverse, offering a wide range of makes, models, and conditions to cater to different budgets and preferences. Buyers can choose from dealerships, online platforms, or private sellers to find their desired used car. While some used cars may have higher mileage or show signs of wear, others are well-maintained and offer excellent value. Conducting thorough inspections and vehicle history checks is crucial to ensure a reliable and satisfactory purchase.

Impact of COVID-19 on Vietnam Used Car Market:

The COVID-19 pandemic significantly impacted Vietnam's used car market, reshaping the industry's landscape. With travel restrictions and economic uncertainties, demand for second-hand vehicles experienced a temporary slump, leading to a decline in sales and prices. Consumers shifted their priorities towards essential goods and services, causing a slowdown in the automotive sector. However, as the situation gradually improves, the market shows signs of recovery, driven by increased affordability and a desire for personal transportation. The pandemic also spurred the adoption of digital platforms for buying and selling used cars, revolutionizing the industry's traditional practices and paving the way for a more resilient and tech-driven future.

Vietnam Used Car Market - By Vehicle Age:

On the basis of vehicle age, Vietnam used car market is divided into 0-3 years, 3-5 years, 5-7 years, and more than 7 years segments. In the Vietnam used car market, the largest segment is the "more than 7 years" category. This segment encompasses vehicles that are older than 7 years. It represents a significant portion of the market and indicates a demand for more affordable and budget-friendly options. The popularity of this segment can be attributed to factors such as lower prices and a wider range of vehicle choices. However, it's worth noting that the market is also divided into other segments, namely 0-3 years, 3-5 years, 5-7 years, each catering to different customer preferences and budgets.

Competitive Landscape:

Vietnam used car market is fiercely competitive. Major companies in the market include Thanh Xuan Ford, Mercedes Benz An Du, Hyundai Dong Do, Toyota An Suong, Hien Toyota, Anycar, Viet Han Used Car, Hoa Binh Auto, Viettin Auto, Oto, Bonbanh, Carmudi, Chotot, and Choxe. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Vietnam used car market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Used Car Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Used Car Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23569

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Vietnam Used Car Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising Disposable Income and Middle-Class Population
  - 3.2.1.2. Increasing Demand for Affordable Transportation
  - 3.2.1.3. Expanding Urbanization and Infrastructure Development
- 3.2.2. Restraints
  - 3.2.2.1. Lack of Trust and Transparency in the Used Car Market
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Online Marketplaces and Digital Platforms
  - 3.2.3.2. Demand for Environmentally Friendly and Fuel-Efficient Vehicles
- 3.2.4. Challenges
  - 3.2.4.1. Counterfeit and Fraudulent Practices in the Used Car Market
  - 3.2.4.2. Lack of Standardization and Quality Control
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
3.6. Price Point Analysis: Global Automotive Memory, 2019-2022

4. Vietnam Used Car Market Overview

4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Type of Vehicle
  - 4.2.1.1. Sedans
  - 4.2.1.2. SUVs
  - 4.2.1.3. MPVs
  - 4.2.1.4. Hatchbacks
  - 4.2.1.5. Others
- 4.2.2. By Vehicle Age
  - 4.2.2.1. 0-3 years
  - 4.2.2.2. 3-5 years
  - 4.2.2.3. 5-7 ears
  - 4.2.2.4. More than 7 years
- 4.2.3. By Mode of Sales
  - 4.2.3.1. Online
  - 4.2.3.2. Offline
- 4.2.4. By Channel Purchase
  - 4.2.4.1. Organized purchase
  - 4.2.4.2. Non-organized Purchase
- 4.2.5. By Mileage
  - 4.2.5.1. 0-30,000 Km
  - 4.2.5.2. 30,000-60,000 Km
  - 4.2.5.3. 60,000-80,000 Km
  - 4.2.5.4. More than 80,000 Km
- 4.2.6. By Region
  - 4.2.6.1. Northern
  - 4.2.6.2. Central
  - 4.2.6.3. Southern

5. Northern Vietnam Used Car Market Overview

5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type of Vehicle
- 5.2.2. By Vehicle Age
- 5.2.3. By Mode of Sales
- 5.2.4. By Channel Purchase
- 5.2.5. By Mileage

6. Central Vietnam Used Car Market Overview

6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type of Vehicle
- 6.2.2. By Vehicle Age
- 6.2.3. By Mode of Sales
- 6.2.4. By Channel Purchase
- 6.2.5. By Mileage

7. Southern Vietnam Used Car Market Overview

7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type of Vehicle
- 7.2.2. By Vehicle Age
- 7.2.3. By Mode of Sales
- 7.2.4. By Channel Purchase
- 7.2.5. By Mileage

8. Competitive Landscape

8.1. List of Key Players and Their Offerings
8.2. Vietnam Used Car Company Market Share Analysis, 2022
8.3. Competitive Benchmarking, By Operating Parameters
8.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

9. Impact of Covid-19 on Vietnam Used Car Market

10. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook and SWOT Analysis)

10.1. Thanh Xuan Ford
10.2. Mercedes Benz An Du
10.3. Hyundai Dong Do
10.4. Toyota An Suong
10.5. Hien Toyota
10.6. Anycar
10.7. Viet Han Used Car
10.8. Hoa Binh Auto
10.9. Viettin Auto
10.10. Oto
10.11. Bonbanh
10.12. Carmudi
10.13. Chotot
10.14. Choxe
10.15. Other prominent players

11. Key Strategic Recommendations

12. Research Methodology

12.1. Qualitative Research
- 12.1.1. Primary & Secondary Research
12.2. Quantitative Research
12.3. Market Breakdown & Data Triangulation
- 12.3.1. Secondary Research
- 12.3.2. Primary Research
12.4. Breakdown of Primary Research Respondents, By Region
12.5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Lists of Figures

Figure 1 Vietnam Used Car Market Segmentation
Figure 2 Vietnam Used Car Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Used Car Market Size, By Value (USD Billion), 2019-2029
Figure 5 Vietnam Used Car Market Share, By Type of Vehicle, By Value, 2019-2029
Figure 6 Vietnam Used Car Market Share, By Vehicle Age, By Value, 2019-2029
Figure 7 Vietnam Used Car Market Share, By Modes of Sales, By Value, 2019-2029
Figure 8 Vietnam Used Car Market Share, By Channel Purchase, By Value, 2019-2029
Figure 9 Vietnam Used Car Market Share, By Mileage, By Value, 2019-2029
Figure 10 Vietnam Used Car Market Share, By Region, By Value, 2019-2029
Figure 11 Northern Vietnam Used Car Market Size, By Value (USD Billion), 2019-2029
Figure 12 Northern Vietnam Used Car Market Share, By Type of Vehicle, By Value, 2019-2029
Figure 13 Northern Vietnam Used Car Market Share, By Vehicle Age, By Value, 2019-2029
Figure 14 Northern Vietnam Used Car Market Share, By Modes of Sales, By Value, 2019-2029
Figure 15 Northern Vietnam Used Car Market Share, By Channel Purchase, By Value, 2019-2029
Figure 16 Northern Vietnam Used Car Market Share, By Mileage, By Value, 2019-2029
Figure 17 Northern Vietnam Used Car Market Share, By Region, By Value, 2019-2029
Figure 18 Central Vietnam Used Car Market Size, By Value (USD Billion), 2019-2029
Figure 19 Central Vietnam Used Car Market Share, By Type of Vehicle, By Value, 2019-2029
Figure 20 Central Vietnam Used Car Market Share, By Vehicle Age, By Value, 2019-2029
Figure 21 Central Vietnam Used Car Market Share, By Modes of Sales, By Value, 2019-2029
Figure 22 Central Vietnam Used Car Market Share, By Channel Purchase, By Value, 2019-2029
Figure 23 Central Vietnam Used Car Market Share, By Mileage, By Value, 2019-2029
Figure 24 Central Vietnam Used Car Market Share, By Region, By Value, 2019-2029
Figure 25 Southern Vietnam Used Car Market Size, By Value (USD Billion), 2019-2029
Figure 26 Southern Vietnam Used Car Market Share, By Type of Vehicle, By Value, 2019-2029
Figure 27 Southern Vietnam Used Car Market Share, By Vehicle Age, By Value, 2019-2029
Figure 28 Southern Vietnam Used Car Market Share, By Modes of Sales, By Value, 2019-2029
Figure 29 Southern Vietnam Used Car Market Share, By Channel Purchase, By Value, 2019-2029
Figure 30 Southern Vietnam Used Car Market Share, By Mileage, By Value, 2019-2029
Figure 31 Southern Vietnam Used Car Market Share, By Region, By Value, 2019-2029

Product Code: BWC23569

List of Tables

Table 1 Vietnam Used Car Market Size, By Type of Vehicle, By Value, 2019-2029
Table 2 Vietnam Used Car Market Size, By Vehicle Age, By Value, 2019-2029
Table 3 Vietnam Used Car Market Size, By Modes of Sales, By Value, 2019-2029
Table 4 Vietnam Used Car Market Size, By Channel Purchase, By Value, 2019-2029
Table 5 Vietnam Used Car Market Size, By Mileage, By Value, 2019-2029
Table 6 Vietnam Used Car Market Size, By Region, By Value, 2019-2029
Table 7 Northern Vietnam Used Car Market Size, By Type of Vehicle, By Value, 2019-2029
Table 8 Northern Vietnam Used Car Market Size, By Vehicle Age, By Value, 2019-2029
Table 9 Northern Vietnam Used Car Market Size, By Modes of Sales, By Value, 2019-2029
Table 10 Northern Vietnam Used Car Market Size, By Channel Purchase, By Value, 2019-2029
Table 11 Northern Vietnam Used Car Market Size, By Mileage, By Value, 2019-2029
Table 12 Northern Vietnam Used Car Market Size, By Region, By Value, 2019-2029
Table 13 Central Vietnam Used Car Market Size, By Type of Vehicle, By Value, 2019-2029
Table 14 Central Vietnam Used Car Market Size, By Vehicle Age, By Value, 2019-2029
Table 15 Central Vietnam Used Car Market Size, By Modes of Sales, By Value, 2019-2029
Table 16 Central Vietnam Used Car Market Size, By Channel Purchase, By Value, 2019-2029
Table 17 Central Vietnam Used Car Market Size, By Mileage, By Value, 2019-2029
Table 18 Central Vietnam Used Car Market Size, By Region, By Value, 2019-2029
Table 19 Southern Vietnam Used Car Market Size, By Type of Vehicle, By Value, 2019-2029
Table 20 Southern Vietnam Used Car Market Size, By Vehicle Age, By Value, 2019-2029
Table 21 Southern Vietnam Used Car Market Size, By Modes of Sales, By Value, 2019-2029
Table 22 Southern Vietnam Used Car Market Size, By Channel Purchase, By Value, 2019-2029
Table 23 Southern Vietnam Used Car Market Size, By Mileage, By Value, 2019-2029
Table 24 Southern Vietnam Used Car Market Size, By Region, By Value, 2019-2029
Table 25 Thanh Xuan Ford Company Overview
Table 26 Thanh Xuan Ford Financial Overview
Table 27 Mercedes Benz An Du Company Overview
Table 28 Mercedes Benz An Du Financial Overview
Table 29 Hyundai Dong Do Company Overview
Table 30 Hyundai Dong Do Financial Overview
Table 31 Toyota An Suong Company Overview
Table 32 Toyota An Suong Financial Overview
Table 33 Hien Toyota Company Overview
Table 34 Hien Toyota Financial Overview
Table 35 Anycar Company Overview
Table 36 Anycar Financial Overview
Table 37 Viet Han Used Car Company Overview
Table 38 Viet Han Used Car Financial Overview
Table 39 Hoa Binh Auto Company Overview
Table 40 Hoa Binh Auto Financial Overview
Table 41 Viettin Auto Company Overview
Table 42 Viettin Auto Financial Overview
Table 43 Oto Company Overview
Table 44 Oto Financial Overview
Table 45 Bonbanh Company Overview
Table 46 Bonbanh Financial Overview
Table 47 Carmudi Company Overview
Table 48 Carmudi Financial Overview
Table 49 Chotot Company Overview
Table 50 Chotot Financial Overview
Table 51 Choxe Company Overview
Table 52 Choxe Financial Overview

Vietnam Used Car Market, By Type of Vehicle ; By Vehicle Age ; By Mode of Sales ; By Channel Purchase ; By Mileage ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Description

Table of Contents

List of Tables

Vietnam Used Car Market Size Booming to Reach USD 23.12 Billion by 2029.

Vietnam Used Car Market - Overview:

Impact of COVID-19 on Vietnam Used Car Market:

Vietnam Used Car Market - By Vehicle Age:

Competitive Landscape:

Table of Contents

1. Research Framework

2. Executive Summary

3. Vietnam Used Car Market Insights

4. Vietnam Used Car Market Overview

5. Northern Vietnam Used Car Market Overview

6. Central Vietnam Used Car Market Overview

7. Southern Vietnam Used Car Market Overview

8. Competitive Landscape

9. Impact of Covid-19 on Vietnam Used Car Market

10. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook and SWOT Analysis)

11. Key Strategic Recommendations

12. Research Methodology

List of Tables